Bluepoint Solutions Cites MBL Cap in New Product Rollout

Bluepoint Solutions is rooting for the member business lending cap to be lifted, figuring it would be good for the imaging specialist’s business.

The Henderson, Nev.-based company – which moved its headquarters last year from the San Diego area – rolled out a new version of its merchant remote deposit capture solution last week at the GAC in Washington.

“If the current legislation increases the cap on small business lending that credit unions can offer to 27.5% as proposed, services like QwikDeposit Pro will become even more important for future growth of small business members,” said the company’s chief marketing officer, Andrew Tilbury.

“According to CUNA, during the recent financial crisis the amount of small business lending by banks decreased 15% whereas the amount of small business lending by credit unions increased 45%. I look at QwikDeposit Pro as a valuable service that credit unions can provide to their business members to create a more complete business offering,” Tilbury told Credit Union Times.

The upgrade is centered on a redesigned user interface the company said reduces training and speeds adoption while allowing merchants to use multiple accounts to deposit checks with a multi-check scanner and Internet connection, the company said in its announcement.

The new offering joins the 1,400-customer company’s existing lineup of remote check deposit solutions, including mobile RDC now in place at 31 institutions, Tilbury said.